Keith Smith Sells 30,000 Shares of Boyd Gaming Co. (NYSE:BYD) Stock

Boyd Gaming Co. (NYSE:BYD) CEO Keith Smith sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $71.77, for a total value of $2,153,100.00. Following the transaction, the chief executive officer now owns 1,131,202 shares in the company, valued at $81,186,367.54. This represents a 2.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Keith Smith also recently made the following trade(s):

• On Wednesday, November 13th, Keith Smith sold 40,000 shares of Boyd Gaming stock. The stock was sold at an average price of $73.49, for a total value of $2,939,600.00.

Boyd Gaming Stock Up 1.1 %

Shares of BYD opened at $72.33 on Friday. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $74.78. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The stock has a fifty day simple moving average of $67.18 and a two-hundred day simple moving average of $60.00. The company has a market capitalization of $6.39 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 9.33 and a beta of 1.55.

Analyst Upgrades and Downgrades

BYD has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Boyd Gaming from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Truist Financial lifted their target price on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Mizuho reaffirmed an “outperform” rating and issued a $79.00 price target (up from $78.00) on shares of Boyd Gaming in a research note on Friday, October 25th. Macquarie lowered their price objective on Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boyd Gaming presently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Institutional Investors Weigh In On Boyd Gaming

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Trust Company N.A grew its stake in shares of Boyd Gaming by 5.4% in the 3rd quarter. Cetera Trust Company N.A now owns 3,330 shares of the company’s stock valued at $215,000 after buying an additional 170 shares during the period. Allspring Global Investments Holdings LLC grew its position in Boyd Gaming by 57.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock worth $35,000 after acquiring an additional 189 shares during the period. AlphaMark Advisors LLC increased its stake in Boyd Gaming by 2.6% during the second quarter. AlphaMark Advisors LLC now owns 8,063 shares of the company’s stock worth $444,000 after acquiring an additional 205 shares during the last quarter. Covestor Ltd raised its position in Boyd Gaming by 54.9% in the third quarter. Covestor Ltd now owns 587 shares of the company’s stock valued at $38,000 after purchasing an additional 208 shares during the period. Finally, KBC Group NV lifted its stake in shares of Boyd Gaming by 0.9% in the 3rd quarter. KBC Group NV now owns 25,407 shares of the company’s stock valued at $1,643,000 after purchasing an additional 232 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.